Southern Michigan Bank & Trust

Southern Michigan Bank & Trust is headquartered in Coldwater and is the 19^st largest bank in the state of Michigan. It is also the 1,306^th largest bank in the nation. It was established in 1872 and as of March of 2012, it had grown to 166 employees at 17 locations. Southern Michigan Bank & Trust has a 4-star health rating.

Southern Michigan Bank & Trust Routing Number: 072402283

Data for Q1 2012

Institution Statistics Southern Michigan Bank & Trust FDIC Certificate # 5019 BankRate Report View Year Established 1872 Employees 166 Primary Regulator FDIC Assets and Liabilities Assets $519.25 million Loans $329.99 million Deposits $435.22 million Equity Capital $58.50 million Loan Loss Allowance $5.53 million Unbacked Noncurrent Loans $6.15 million Real Estate Owned $870,000 Historic Data - March 2011 Assets $501.46 million Equity Capital $55.59 million Loan Loss Allowance $5.58 million Unbacked Noncurrent Loans $6.18 million Real Estate Owned $983,000 Profit Margin - Quarterly Net Interest Margin 3.71% Return on Assets 0.84% Return on Equity 7.37% Interest Income $4.93 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Southern Michigan Bank & Trust had $7.02 million in non-current loans and owned real-estate with $64.03 million in equity and loan loss allowances on hand to cover it. This gives Southern Michigan Bank & Trust a Texas Ratio of 10.96% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Southern Michigan Bank & Trust held steady from 11.70% as of March 31, 2011 to 10.96% as of March 31, 2012, resulting in a positive change of 6.34%.This indicates that the balance sheet and financial strength for Southern Michigan Bank & Trust has held steady in recent periods. Deposit Growth In the past year, Southern Michigan Bank & Trust has increased its total deposits by $16.84 million, resulting in 4.02% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Southern Michigan Bank & Trust has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Southern Michigan Bank & Trust has $519.25 million in assets with $64.03 million in equity, resulting in a capitalization level of 12.33%, which is excellent.

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